Sunday, September 14th23.3°C
23373

TSX climbs away from fiscal cliff fear

The Toronto stock market was higher, extending the gains of the previous session amid growing optimism that Democrats and Republicans will get a deal on averting a U.S. fiscal crisis by the end of December.

The S&P/TSX composite index gained 81.21 points to 12,221.54 while the Canadian dollar was off 0.09 of a cent to 100.73 cents US.

U.S. indexes were also higher amid data showing the economy grew at an annualized rate of 2.7 per cent during the third quarter, which was much better than the two per cent rate estimated a month ago.

The Dow Jones industrials ran ahead 38.36 points to 13,023.47.

The Nasdaq was up 15.71 points to 3,007.49, while the S&P 500 index climbed 5.64 points to 1,415.57.

Royal Bank (TSX:RY) was up 36 cents to $58.71 as the bank posted quarterly net earnings of $1.9 billion or $1.25 a share. Adjusted net earnings came in at $1.27 a share, beating estimates by a penny.

The Canadian Press


Read more Business News

23042


Recent Trending




Today's Market
S&P TSX15531.58-2.74
S&P CDNX987.935.65
DJIA16987.51-61.49
Nasdaq4567.599-24.208
S&P 5001985.54-11.91
CDN Dollar0.9017-0.0002
Gold1231.50-10.00
Oil92.27-0.68
Lumber348.00+3.50
Natural Gas3.91+0.024

 
Okanagan Companies
Pacific Safety0.18-0.02
Knighthawk0.01-0.005
QHR Technologies Inc1.300.00
Cantex0.06-0.01
Anavex Life Sciences0.240.00
Metalex Ventures0.065-0.005
Russel Metals36.26+0.14
Copper Mountain Mining2.88+0.12
Colorado Resources0.1650.00
ReliaBrand Inc0.0318-0.0032
Sunrise Resources Ltd0.0250.00
Mission Ready Services0.265-0.01

 





FEATURED Property
20055383913 Desert Pines Avenue
3 bedrooms 2 baths
$519,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Price Guarantees

Article written by Linda Bustos Though I’d never recommend “lowest prices” as a unique selling proposition, I notice many retailers use a Price Match Guarantee or even a 110% Guara...


Brangelina and Celebrity vs Philanthropy

This week my wife wrote a blog for our charities website, I thought you may enjoy reading it here: I was planning to write about the incredible philanthropic Miss Angelina when, funnily enough, she ...


Manage your behaviour

You can’t manage what you can’t control! You can’t manage the number of sales you’re going to make but you can manage the behaviour that will help you make those sales. Obvious...

_



23073

23073


Member of BC Press Council


22814